SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Ursa Fund Management, LLC

CIK 0001693838 · 156 DIABLO RD, STE 250, DANVILLE, CA, 94526 · 415-529-6040

Reported Value
$413M
Q2 2023
Positions
20
Filings on Record
31
2019–present window
Filed
Aug 9, 2023
original filing

Summary

Ursa Fund Management, LLC reported $413M in U.S.-listed holdings across 20 positions for Q2 2023.

Its largest position, STHO, represents 1.7% of the portfolio.

Compared with Q1 2023, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+7.7%
vs prior filed quarter
Top-10 Concentration
+3.8%
share of reported value
Largest Position
+1.7%
Star
New / Exited
5 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.4BQ4 ’18Q1 ’19: $1.2BQ2 ’19: $1.6BQ3 ’19: $141MQ4 ’19: $2.4BQ4 ’19Q1 ’20: $347MQ2 ’20: $1.7BQ3 ’20: $193MQ4 ’20: $1.6BQ4 ’20Q1 ’21: $92MQ2 ’21: $78MQ3 ’21: $281MQ4 ’21: $4.2BQ4 ’21Q1 ’22: $256MQ2 ’22: $587MQ3 ’22: $148MQ4 ’22: $67MQ4 ’22Q1 ’23: $269MQ2 ’23: $413MQ3 ’23: $20MQ4 ’23: $58MQ4 ’23Q1 ’24: $49MQ2 ’24: $36MQ3 ’24: $76MQ4 ’24: $1.3BQ4 ’24Q1 ’25: $39MQ2 ’25: $80MQ3 ’25: $89MQ4 ’25: $2.4BQ4 ’25Q1 ’26: $108Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 54.7%Other: 42.7%REIT: 1.6%Closed-End Fund: 0.9%Equity WRT: 0.0%Other: 0.0%
  • Common Stock · 54.7% · $226M
  • Other · 42.7% · $176M
  • REIT · 1.6% · $7M
  • Closed-End Fund · 0.9% · $4M
  • Equity WRT · 0.0% · $92,284
  • Other · 0.0% · $59,586

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SAFESAFEHOLD INCNEW+119.3K119.3K+$3M$3M
VNOVORNADO RLTY TRNEW+110.0K110.0K+$2M$2M
SLGSL GREEN RLTY CORPNEW+60.0K60.0K+$2M$2M
CLNECLEAN ENERGY FUELS CORPNEW+98.0K98.0K+$486,080$486,080
GAMESQUARE HLDGS INCNEW+29.6K29.6K+$88,954$88,954
BEBLOOM ENERGY CORPADDED+75.0K97.0K+$1M$2M
KTOSKRATOS DEFENSE & SEC SOLUTIOADDED+51.0K73.0K+$750,260$1M
FRCBFIRST REP BK SAN FRANCISCO CSOLD OUT−1.68M0−$24M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2023

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1STHOSTAR HLDGShistory →SHS BEN INT1.69%$7M474.7K
2CLMCORNERSTONE STRATEGIC VALUECOM0.91%$4M450.1K
3BEBLOOM ENERGY CORPCOM CL A0.38%$2M97.0K
4ACIALBERTSONS COS INCCOMMON STOCK0.37%$2M70.0K
5KTOSKRATOS DEFENSE & SEC SOLUTIOCOM NEW0.25%$1M73.0K
6CLNECLEAN ENERGY FUELS CORPCOM0.12%$486,08098.0K
7SAFESAFEHOLD INCCOM0.03%$142,3806.0K
8MSPRWMSP RECOVERY INC*W EXP 05/20/2020.02%$92,28423.07M
9GAMESQUARE HLDGS INCCOM0.02%$88,95429.6K
10MTBLYMOATABLE INCSPONSORED ADS0.01%$59,58636.6K
11AMC ENTMT HLDGS INCCL A COM0.00%$3,960900

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$108M20May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.4B44Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$89M18Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$80M31Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$39M21May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.3B19Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$76M17Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$36M9Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$49M23May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$58M37Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$20M27Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$413M20Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$269M17May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$67M19Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$148M31Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$587M23Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$256M69May 18, 2022RESTATEMENTchanges · EDGAR ↗
Q4 2021$4.2B86Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$281M19Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$78M15Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$92M20May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.6B29Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$193M34Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.7B22Aug 4, 202013F-HRchanges · EDGAR ↗
Q1 2020$347M12May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.4B15Jan 29, 202013F-HRchanges · EDGAR ↗
Q3 2019$141M14Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.6B16Jul 30, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.2B11May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.4B25Jan 8, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.